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gridlock in washington over the fiscal cliff making stock investors really nervous. stocks are acting unpredictable. so watch out ahead here. companies should be making hiring and spending plans for next year. instead they're left wondering whether consumers are going to take home less money, and that government agencies can slash spending. a recipe for recession. i asked the ceo of fedex how companies plan ahead when washington is so dysfunctional. >> well i think most of the ceos look at the situation in washington with complete amazement and dismay, to be frank about it. the problem is, the ideological pinnings on both sides of this argument are so difficult to bridge, that it's going to be hard for them to get a deal. >> that's right. other ceos i talked to yesterday said they think it will be hard to get a deal, soledad and it's kind of a grim move right now in d.c. about how long it's going to take -- >> xavier becerra, it sounded like compromise could be on the table because they're going to come to this cliff deadline that will put pieces in place that maybe
gridlock in washington over the fiscal cliff making stock investors really nervous. stocks are acting unpredictable. so watch out ahead here. companies should be making hiring and spending plans for next year. instead they're left wondering whether consumers are going to take home less money, and that government agencies can slash spending. a recipe for recession. i asked the ceo of fedex how companies plan ahead when washington is so dysfunctional. >> well i think most of the ceos look...
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Nov 29, 2012
11/12
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well, the easiest way to end the uncertainty about the fiscal cliff and tax rates and their potential impact of the vast majority of americans as they go into this vital holiday shopping season that's pretty central to our economy is for us to pass that and say okay, that part of this is over. the $2,000 on average tax hike that most working families are facing, if we go over the cliff done, taken care of. now, let's work through the balance of increased revenue on the high income earners and spending cuts that we need to get done to achieve a roughly $4 trillion savings. >> bill: and closing loopholes and other issues. >> that's a difficult process. there's lots of detail to it. in my view, there's two bad outcomes here that are quite possible. first is we do nothing. which is -- something we seem to have shown some real capability of. but if we go over the if is cal cliff, which is really more of a slope than a cliff. it is not like y2k where january 1, everybody has a dramatic cuts in services and dramatic increases in taxes. that will smooth in over time. that will happen over som
well, the easiest way to end the uncertainty about the fiscal cliff and tax rates and their potential impact of the vast majority of americans as they go into this vital holiday shopping season that's pretty central to our economy is for us to pass that and say okay, that part of this is over. the $2,000 on average tax hike that most working families are facing, if we go over the cliff done, taken care of. now, let's work through the balance of increased revenue on the high income earners and...
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business. i think they can just sit there and he can say, so, governor romney, what are your thoughts on the fiscal cliff. >> it doesn't matter. they're going to sit there for, what, 90 minutes, 30 minutes, 15? >> 90 minutes is excruciating. >> 90 minutes with mitt romney regardless of the person who's there would be pretty awkward. >> i think it's a good thing. i don't care what you all think anymore. >> he's over us. >> i do care about the 47 million people -- or 47% who voted for romney. i do care about you guys, right? that's cool. >>> up next, what women stand to lose in the fiscal fiasco. now president terry o'neill is in the guest spot. [ male announcer ] when a major hospital wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. [ yawning sound ] try this... bayer? this
business. i think they can just sit there and he can say, so, governor romney, what are your thoughts on the fiscal cliff. >> it doesn't matter. they're going to sit there for, what, 90 minutes, 30 minutes, 15? >> 90 minutes is excruciating. >> 90 minutes with mitt romney regardless of the person who's there would be pretty awkward. >> i think it's a good thing. i don't care what you all think anymore. >> he's over us. >> i do care about the 47 million people...
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Nov 30, 2012
11/12
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going over the fiscal cliff is serious business. >> is serious. >> sound byte: i'm here trying to resolve it. i would hope the white house would get serious as well. >> get it solved with bourbon. >> stephanie: jim can confirm this is what we've been doing all morning. i brought in leftover french fries and i brought mustard and i've been doing this all morning. sorry about the carpet. sorry, sorry. >> the noises were more graphic when there was more mustard. >> speaking of immature on facebook, tell stephanie if she's ever in austin, i know a gay boy who would motor boat her vigorously. [ squeezing mustard ] >> so that happened. >> stephanie: we've had a week. dan in columbus, here on "the stephanie miller show." hi dan. >> caller: hey, stephanie. my congressional district is right next to john boehners, and if anyone thinks he's the voice of reason, they need to come and read the columbus dispatch to see some of the stuff that he says that is even more inflammatory than the stuff he has been saying the last week or so. he cares about one thing, and that's keeping himself in the speaker
going over the fiscal cliff is serious business. >> is serious. >> sound byte: i'm here trying to resolve it. i would hope the white house would get serious as well. >> get it solved with bourbon. >> stephanie: jim can confirm this is what we've been doing all morning. i brought in leftover french fries and i brought mustard and i've been doing this all morning. sorry about the carpet. sorry, sorry. >> the noises were more graphic when there was more mustard....
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Nov 30, 2012
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and even as a small business person, everyone talks about what the fiscal cliff could do to small business, what obama care can do for small business, but you said we shouldn't worry about that so much, that we should get some sort of compromise in order to keep moving and keep talking and keep moving forward? >> well, i think that it was pretty clear during the course of the election and since and even in the president's speech today where he said he's willing to give on some revenue and some spending cuts, he's proposed some, he's already passed some into law. and beyond that, just from my perspective, what i see is that we know that we're a confidence-based economy, we're 70% of the economy driven by consumer spending and anything that puts a crimp in consumer spending is not good for the economy. so to put a tax rise, a tax rate increase for the middle class makes no sense to me. someone who makes 50, 60, $70,000 a year will lose and will take away a lot of discretionary purchases from people like me and travel and a whole host of other areas. i hope our leaders in washington are liste
and even as a small business person, everyone talks about what the fiscal cliff could do to small business, what obama care can do for small business, but you said we shouldn't worry about that so much, that we should get some sort of compromise in order to keep moving and keep talking and keep moving forward? >> well, i think that it was pretty clear during the course of the election and since and even in the president's speech today where he said he's willing to give on some revenue and...
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Nov 29, 2012
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as we approach the fiscal cliff and harry reid's state has been slow. it's hit every industry in nevada and i mean every industry. >> how's business? >> it's been better. >> susan austin run as small business outside reno, nevada, but her business is different. it's a brothel. the legendary mustang ranch. >> this is one of our suites, the asian suite. austin thought the world's oldest profession would be recessionproof. not true. >> then went my high rollers. they discovered they didn't have the discretionary income and they couldn't play as hard as they used to. well that definitely dug into their wallets which definitely affected us. >> will the fiscal cliff impact the mustang ranch? >> well, if folks rub out of money and jobs, i suppose it could. >> gillman is a republican who is looking to nevada's powerful democrat harry reid to keep that from happening. >> do you like harry read? >> harry reid and i have been friends if 30r years and harry and i both share a vision and a love for the state of nevada. >> susan austin says even here the cliff will h
as we approach the fiscal cliff and harry reid's state has been slow. it's hit every industry in nevada and i mean every industry. >> how's business? >> it's been better. >> susan austin run as small business outside reno, nevada, but her business is different. it's a brothel. the legendary mustang ranch. >> this is one of our suites, the asian suite. austin thought the world's oldest profession would be recessionproof. not true. >> then went my high rollers. they...
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Nov 30, 2012
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cliff, rather, and if they don't, it could harm consumer can ha confidence and in turn businesses like this one in pennsylvania. but, chris, also expect republicans to sort of lob a counterpunch today. i expect them to sort of highlight a business nearby that could be harmed if taxes do go up on those making $250,000 or more because, of course, that is for some small businesses their budget level. chris? >> and one thing, a quick follow-up, did the white house -- do you have any indication did the white house expect the reaction they got on capitol hill yesterday? i assume with this proposal, which much of it isn't new. this is essentially the president's budget proposal from last year, that they didn't think john boehner was going to say, that sounds good, let's do that. but did they expect the dismissiveness and john boehner's tone in his press conference yesterday? did that catch them by surprise at all? >> reporter: well, i think the white house democrats were a little surprised by the backlash but, as you point out, this budget proposal is essentially what the president proposed l
cliff, rather, and if they don't, it could harm consumer can ha confidence and in turn businesses like this one in pennsylvania. but, chris, also expect republicans to sort of lob a counterpunch today. i expect them to sort of highlight a business nearby that could be harmed if taxes do go up on those making $250,000 or more because, of course, that is for some small businesses their budget level. chris? >> and one thing, a quick follow-up, did the white house -- do you have any...
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and the fiscal cliff negotiations. u.s. banks posting their best quarterly performance in six years. according to the fdic, banks posted a combined profit of more than 37 1/2 billion dollars during the third quarter. that is the 6.6% increase from the same time last year. the number of banks on the agency's problem list also fell from 732 to 694. >>> newly-elected massachusetts senator elizabeth warren has been tapped by democrats for a seaton the senate banking committee. warren won her seat campaigning as a populist who would crack down on big banks. this comes two years after she unsuccessfully lobbied to the run for the consumer protection bureau. that is the latest from fox business network, giving you the power to prosper lori: let's give you an update. i was chuckling because so many people are talking about anna wintour, nomination, to be ambassador to england. a lot of people gufawing over that. let's talk about the stock market. it is doing absolutely nothing. the reason is investors are holding out, they hope we
and the fiscal cliff negotiations. u.s. banks posting their best quarterly performance in six years. according to the fdic, banks posted a combined profit of more than 37 1/2 billion dollars during the third quarter. that is the 6.6% increase from the same time last year. the number of banks on the agency's problem list also fell from 732 to 694. >>> newly-elected massachusetts senator elizabeth warren has been tapped by democrats for a seaton the senate banking committee. warren won...
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Dec 5, 2012
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the optics of republicans leaving today, wednesday, with two days left in the week with the fiscal cliff not too far away certainly may be questionable. what they insist is that their members are going to go back home and talk to their businesses and small business leaders to maybe play the outside in-game that the president has been playing by trying to rally support for his side of this issue. >> dana bash, reporting live from capitol hill. >>> also, right now, brefing congress about exactly what happened in benghazi. every single members of the house of representatives, all 400 plus of them were invited. so elise, this is a multimedia presentation. so is it a power point on benghazi? >> reporter: well, carol, the members are just starting to arrive right now. they will be meeting in this room right here, this auditorium. minority leader nancy pelosi just arrived. basically, it's going to be very similar to the briefing that some of the members of the intelligence committees, armed services committee, the leadership, those classified briefings already took place with a very specific le
the optics of republicans leaving today, wednesday, with two days left in the week with the fiscal cliff not too far away certainly may be questionable. what they insist is that their members are going to go back home and talk to their businesses and small business leaders to maybe play the outside in-game that the president has been playing by trying to rally support for his side of this issue. >> dana bash, reporting live from capitol hill. >>> also, right now, brefing congress...
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Dec 3, 2012
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i say fiscal cliff, david, you say? >> we have a short-term ficscal cliff. we need to deal with the fiscal cliff. have a credible down payment on the tax and spending side. bridge to a grand bargain next year. the fiscal cliff is the symptom. structural deficit is the disease. we need to learn from australia, canada, new zealand, sweden. we need to do it next year. >> all right. >> get dr. dave to washington right away so that we avoid what cramer on "meet the press" this weekend had great line. he said on january 8th when the reporting starts, there will be a foot race to fire people if we don't get this cliff taken care of which is why if we're going over the
i say fiscal cliff, david, you say? >> we have a short-term ficscal cliff. we need to deal with the fiscal cliff. have a credible down payment on the tax and spending side. bridge to a grand bargain next year. the fiscal cliff is the symptom. structural deficit is the disease. we need to learn from australia, canada, new zealand, sweden. we need to do it next year. >> all right. >> get dr. dave to washington right away so that we avoid what cramer on "meet the press"...
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over the fiscal cliff. he's also claiming to call on congressional leaders to make sure we raise the debt ceiling without contention. the white house making the case that extending the bush tax cuts for the middle class is directly connected to the health of our businesses. companies need to know consumers will be able to spend and in his first post-election interview president obama again rejected the house republican counteroffer that is on the table. >> unfortunately the speaker's proposal right now is still out of balance. we're going to have to see the rates on the top 2% go up and we're not going to be able to get a deal without it. >> let's hope he sticks to it. >> g.o.p. leaders aren't only dealing with the president and congressional democrats they're dealing with a split within their own ranks. more conservative republicans don't want party leaders to compromise anymore than they think they already have. even though the republican plan offers up $800 billion in new taxes without upping tax rates a
over the fiscal cliff. he's also claiming to call on congressional leaders to make sure we raise the debt ceiling without contention. the white house making the case that extending the bush tax cuts for the middle class is directly connected to the health of our businesses. companies need to know consumers will be able to spend and in his first post-election interview president obama again rejected the house republican counteroffer that is on the table. >> unfortunately the speaker's...
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Nov 29, 2012
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but going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> reporter: house democratic leader nancy pelosi quickly dismissed boehner's remarks as a negotiating maneuver. >> i think they'll come around. it's a tactic. it's a tactic. >> reporter: but you hear a strikingly similar message from other top democratic leaders saying the ball is in the republicans' court. >> we are waiting for some specifics somewhere from our republican colleagues to show that they're serious on negotiations. >> reporter: as the country fast approaches the fiscal cliff, the two sides are talking past each other. democrats say they've laid down their marker hiking tax rates on wealthier americans. and it's up to republicans to propose specific spending cuts they want to entitlement programs. however, republicans say they've offered a concession putting revenue on the table. and they say it's now up to the president and his fellow democrats to feel some pain and propose cuts in medicare and medicaid. confu
but going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> reporter: house democratic leader nancy pelosi quickly dismissed boehner's remarks as a negotiating maneuver. >> i think they'll come around. it's a tactic. it's a tactic. >> reporter: but you hear a strikingly similar message from other top democratic leaders saying the ball is in the republicans' court. >> we...
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that fiscal cliff at year's end. president obama and house speaker john boehner spoke about it on the phone with one another. that discussion came as treasury secretary tim geithner confirmed mr. obama is prepared to take the economy over the cliff unless republicans agree to raise tax rates on the wealthy. >>> meantime in georgia, some activists expressed frustration about the stalemate in holiday spirit. they delivered symbolic lumps of coal to the offices of both of their state's u.s. senators. but security guards met them outside of republican saxby chambliss' office. eventually, a few were let inside, but without the camera and media present. of course. that would have been the real story. >> folks are upset now. see what happens january 1 after you get the first paycheck and go, oh, this is what the fiscal cliff meant. yeah. whoo, 2013. >>> all right. the next story involves a new grassroots campaign that is starting. meant to draw attention to the nation's debt crisis. it is our "favorite story of the day." th
that fiscal cliff at year's end. president obama and house speaker john boehner spoke about it on the phone with one another. that discussion came as treasury secretary tim geithner confirmed mr. obama is prepared to take the economy over the cliff unless republicans agree to raise tax rates on the wealthy. >>> meantime in georgia, some activists expressed frustration about the stalemate in holiday spirit. they delivered symbolic lumps of coal to the offices of both of their state's...
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Dec 7, 2012
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results, middle class perspectives on the economy and the fiscal cliff. it's expected to get under way shortly, and we're bringing it to you live here on c-span2. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] >> good morning, all. good morning. i'm john fox sullivan, i'm publisher at large of atlantic media company, we publish the atlantic, national journal, government executive, a new product, quartz, and we want to welcome you to this special event this morning. and i want to welcome our c-span audience which is tuning in. um, this is the 15th allstate/national journal heartland poll that we're going to be discussing this morning. since april of 2009, allstate and national journal and the atlantic have partnered in surveying the public opinion of a little bit oriented towards the mitt middle class -- middle class, but public at large. this was initiated by our friend ed reilly and ron brownstein of national journal and post the economic crisis, we decided to see what the american public perceptio
results, middle class perspectives on the economy and the fiscal cliff. it's expected to get under way shortly, and we're bringing it to you live here on c-span2. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] >> good morning, all. good morning. i'm john fox sullivan, i'm publisher at large of atlantic media company, we publish the atlantic, national journal, government executive, a new product, quartz, and we want to welcome you to...
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Dec 6, 2012
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while i hope that the negotiations to avert the fiscal cliff are successful, in my view we should not wait for a grand bargain in order to finish work on this important tax extender legislation. tax extenders are different from the other fiscal cliff issues for three basic reasons, and let me describe those reasons. first tax extenders are much less contentious than the other end of year problems that we -- that need to be resolved. the tax extender bill on the senate calendar has strong bipartisan support. in august, the finance committee approved it by a large margin. we have support from six republicans, including the ranking member, senator hatch. all 13 democrats supported it. i believe that many more republicans will vote for this legislation if it's brought up for consideration here in the senate. the bill consists entirely of tax cuts. it should not be difficult to get senators to vote for tax cuts, right before christmas especially. most of these tax cuts have solid bipartisan support. many of these tax cuts will help the economy, will help the middle class. for example, the
while i hope that the negotiations to avert the fiscal cliff are successful, in my view we should not wait for a grand bargain in order to finish work on this important tax extender legislation. tax extenders are different from the other fiscal cliff issues for three basic reasons, and let me describe those reasons. first tax extenders are much less contentious than the other end of year problems that we -- that need to be resolved. the tax extender bill on the senate calendar has strong...
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fiscal cliff. the group is urging congress to take immediate action to avoid those automatic tax increases and spending cuts come january. president obama is saying that with the way speaker boehner plan stands now, no deal. >> unfortunately the speaker's proposal is out of balance. we will have to see the rates on the top 2% go up and we are not going to be able to get a deal without it. >> that was an exclusive with bloomberg t.v. and the first televised interview since the president's re-election. as you heard, taxes are the big issue blocking this deal from taking place. president obama is calling for downhill the amount of tax revenue as speaker boehner over the next tens years, most from the nation's top earners. many. republicans say that's not the way to handle this. here is marco rubio. >> it wouldn'ting make a small bent in the debt but it would heard middle class businesses. >> the g.o.p. could be risking a civil war over this issue. it does not look like obama is ready to cave. if that
fiscal cliff. the group is urging congress to take immediate action to avoid those automatic tax increases and spending cuts come january. president obama is saying that with the way speaker boehner plan stands now, no deal. >> unfortunately the speaker's proposal is out of balance. we will have to see the rates on the top 2% go up and we are not going to be able to get a deal without it. >> that was an exclusive with bloomberg t.v. and the first televised interview since the...
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cliff? is it not a cliff? is it it -- is it a slope? is it the end of america as we know it or whatever? but in this debate there are few things that are absolutely critical. tax policy, the president has laid out very, very clearly as did the election. we are going to do tax reform. yes, and it's time for those at the upper end of this wealthy country to pay their fair share. and so the president has made it very clear, we are going to raise the rates on those making over $250,000 a year. by the way, we ought to be clear about understanding what that means. that means 100% of americans get a tax break. on the first $250,000 of income. over that, yes, they are going to pay a higher rate, marginal rate for that over the top. but what i really want to talk about today with my colleagues who will be joining me in the next few minutes is another part of this debate. and that is on the reductions in federal expenditures. what's the best way to do it? how are we going to reduce federal expenditure
cliff? is it not a cliff? is it it -- is it a slope? is it the end of america as we know it or whatever? but in this debate there are few things that are absolutely critical. tax policy, the president has laid out very, very clearly as did the election. we are going to do tax reform. yes, and it's time for those at the upper end of this wealthy country to pay their fair share. and so the president has made it very clear, we are going to raise the rates on those making over $250,000 a year. by...
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john boehner, the speaker of the house is speaking out now about the fiscal cliff, let's listen in. >> the bigger problem here, which is our national deficit and our national debt. this debt doesn't exist because we don't tax small businesses enough, it exists because washington continues to spend too much. and raising taxes on small businesses instead of taking a balanced approach that also cuts spending is wrong. it's only going to make it harder for our economy to grow. and if our economy doesn't grow, americans don't get new jobs. and the debt problem that we have will continue to threaten our children's future. as i said the day after the election, republicans are not seeking to impose our will on the president. we're seeking a bipartisan solution that can pass both chambers of congress and be signed into law by the president in the coming days. now, during the campaign the president pledged to the american people that he would seek a balanced approach to addressing the debt, a combination of new revenues and spending cuts. so the day after the election i said the republican majo
john boehner, the speaker of the house is speaking out now about the fiscal cliff, let's listen in. >> the bigger problem here, which is our national deficit and our national debt. this debt doesn't exist because we don't tax small businesses enough, it exists because washington continues to spend too much. and raising taxes on small businesses instead of taking a balanced approach that also cuts spending is wrong. it's only going to make it harder for our economy to grow. and if our...
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today's discussion on the fiscal cliff clearly exceeds that far. we are honored to have such a thoughtful panel. senator mark warner, senator bob corker, congressman chris van hollen, governor tim pawlenty who is currently president and ceo of the financial services roundtable. moderate in our discussion today is albert hunt. we always love having l over here. he really put limburg on a map in d.c. and yesterday was his birthday so happy birthday. [applause] i'm going to turn things over to tom davis who is the man who really needs no introduction. he has been a great friend over the years. i would be remiss if i didn't give his full official title at deloitte. he is the director of federal government affairs. please join me in welcoming congressman tom davis. [applause] >> thank you and most importantly i left congress undefeated and unindicted so i am very happy about that. on behalf of deloitte i want to thank our all-star panel, senator corker, governor pawlenty, congressman van hollen in senator warner for participating in our all-star moderat
today's discussion on the fiscal cliff clearly exceeds that far. we are honored to have such a thoughtful panel. senator mark warner, senator bob corker, congressman chris van hollen, governor tim pawlenty who is currently president and ceo of the financial services roundtable. moderate in our discussion today is albert hunt. we always love having l over here. he really put limburg on a map in d.c. and yesterday was his birthday so happy birthday. [applause] i'm going to turn things over to tom...
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the president not just busy concerning himself with the fiscal cliff, but also a new cabinet and some reports say he could appoint new cabinet members in the next couple of weeks, including secretary of state, and someone to be the new defense secretary as well. and that means could susan rice get the call? all indications are yes, at this point, unless for some reason, john kerry sneaks in because he'd have a smoother confirmation, juliet. >> juliet: yeah, the problem is what happened with benghazi seems to be a replay of what happened when she was involved with watching over africa when she was at the state department. and the-- exactly being back in 1998. there was information that al-qaeda had cells in some of the major cities in africa and that they asked, asked for more security and didn't get it. sound familiar? and yesterday on sean hannity's show, the family of two of the victims killed in the 1998 bombings had some comments. >> what we do know as early as 1996 our intelligence community had live active sells, in nairobi, kenya, despite those facts nothing was done to increas
the president not just busy concerning himself with the fiscal cliff, but also a new cabinet and some reports say he could appoint new cabinet members in the next couple of weeks, including secretary of state, and someone to be the new defense secretary as well. and that means could susan rice get the call? all indications are yes, at this point, unless for some reason, john kerry sneaks in because he'd have a smoother confirmation, juliet. >> juliet: yeah, the problem is what happened...
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. >> the stocks are following the fiscal cliff and the market dove yesterday on comments from house speaker john boehner. data released yesterday showed economic growth in the u.s. is still weak. consumers and businesses alike are putting a hold on spending. natalie? >> thank you. >>> and a grade school in south lina has shed new light on how to take a class photo. they didn't just stick the short kids in front, call kids in the back. each child wore a specific color, formed an amazing image of a light house. all part of the annual cultural week at beach hill elementary. great job, kids. that's fantastic. >>> it is 7:19. back to savannah, willie, and al. makes my photos look terrible. >> way more organization than my elementary school. >>> who will be with david gregory? just wondering. >> people don't know, willie trying to do an interview with david gregory, al was heckling him. >> heckling me here, covering serious matters of the day, have the peanut gallery over here. >> can't be with the one you love, love the one you're with. >>> how about the weather. >> let's show you what we've got
. >> the stocks are following the fiscal cliff and the market dove yesterday on comments from house speaker john boehner. data released yesterday showed economic growth in the u.s. is still weak. consumers and businesses alike are putting a hold on spending. natalie? >> thank you. >>> and a grade school in south lina has shed new light on how to take a class photo. they didn't just stick the short kids in front, call kids in the back. each child wore a specific color,...